TRS000667_RFP_Compensation Study & Salary Data Services

The Teacher Retirement System of Texas (TRS) has issued a Request for Proposals for a comprehensive compensation study and compensation data services contract. TRS seeks a full-service consulting firm to conduct biennial competitive pay analyses of approximately 260 investment-related positions, ranging from Chief Investment Officer to entry-level analyst roles, assessing both base salary and incentive compensation competitiveness. The successful contractor must deliver detailed electronic benchmarking files presenting compensation data at the 25th, 50th, and 75th percentiles, peer organization listings, presentation materials, detailed assessment reports with salary adjustment recommendations, access to underlying survey data, and ad hoc reviews of new positions as requested. Mandatory qualifications require respondents to demonstrate five years of experience as a full-service consulting firm specializing in compensation analysis for public U.S. pension funds and private sector firms, along with two years of historical investment position survey data for public U.S. pension funds and private sector firms with the demonstrated ability to establish peer groups of larger pension plans with actively managed investments. Evaluation will utilize a best overall value approach with weighted criteria: Respondent Past Performance (20%), Respondent's Key Personnel (30%), Proposed Performance Details (30%), and Proposed Pricing (20%). The pre-proposal conference is scheduled for May 11, 2026, at 3:00 p.m. Central Time via Microsoft Teams; the deadline for submitting questions is May 18, 2026, at 3:00 p.m. Central Time; and proposals are due by June 3, 2026, at 3:00 p.m. Central Time. The contract term extends five years from the effective date of January 18, 2027, through January 17, 2032.

The solicitation requires all respondents to submit a Veterans Heroes United in Business (VetHUB) Subcontracting Plan, as subcontracting opportunities are anticipated; however, no specific set-asides or restrictions limiting responses to particular enterprise categories are identified in the solicitation documents. No incumbent vendor or current contractor information is referenced in the available materials. Pricing must be submitted as fully loaded, firm fixed prices or hourly rates inclusive of all costs, with direct travel expenses reimbursable with prior written approval from TRS's Contract Manager at State of Texas per diem rates. The contractor must maintain comprehensive insurance coverage including workers' compensation, employer's liability, commercial automobile liability, commercial general liability, and professional liability insurance with minimum coverage amounts ranging from $500,000 to $2,000,000 depending on coverage type. Invoicing will be conducted monthly through TRS's Procurement and Vendor E-System (PAVES), with payment due within 30 days of receipt of undisputed invoices, governed by the Texas Prompt Payment Act. No specific contract award value or budget range is disclosed in the available solicitation documents.